Jim Dobbs

2 months ago | ourcommunitynow.com | Jim Dobbs

$5.3 billion Equity said it would pay $86.9 million to buy NBC Corp. of Oklahoma. The cash-and-stock deal would expand Equity's footprint into Oklahoma City, where the target is based. NBC has seven branches across the greater metropolitan area and neighboring markets in Oklahoma. The deal is expected to close in the third quarter. NBC branches would rebrand under the Equity Bank name. "We intend to retain all branches.

2 months ago | americanbanker.com | Jim Dobbs

Equity Bancshares in Wichita, Kansas, has struck its third deal to buy a bank in two years and is signaling that more acquisitions may lie ahead. The $5.3 billion Equity said it would pay $86.9 million to buy NBC Corp. of Oklahoma. The cash-and-stock deal would expand Equity's footprint into Oklahoma City, where the target is based. NBC has seven branches across the greater metropolitan area and neighboring markets in Oklahoma. The deal is expected to close in the third quarter.

2 months ago | americanbanker.com | Allissa Kline |Jim Dobbs

Bank stocks plunged on Thursday morning, hours after President Trump unveiled his plan to enact sweeping tariffs on all U.S. imports, sending shock waves through the global business world. The KBW Nasdaq Bank Index tumbled by more than 8% in late-morning trading, as Wall Street reacted to news that the administration will impose tariffs of at least 10% on all imported goods, with even higher levies on countries including Japan, China and European Union nations.

2 months ago | americanbanker.com | Jim Dobbs

Hope Bancorp closed its acquisition of Territorial Bancorp in Honolulu on Wednesday, culminating a lengthy and at times controversial deal process. When the Los Angeles-based Hope announced the all-stock deal in April 2024, it had expected to close it by the end of the year. But its $78.6 million offer was challenged by a competing bid from an investor group led by Blue Hill Advisors and former Bank of Hawaii CEO Allan Landon.

2 months ago | today.westlaw.com | Jim Dobbs

Hope Bancorp closed its acquisition of Territorial Bancorp in Honolulu on Wednesday, culminating a lengthy and at times controversial deal process. When the Los Angeles-based Hope announced the all-stock deal in April 2024, it had expected to close it...